someone recently asked about orica pre pay . From todays Petra report
Puzzle pieces falling into place
Mahalo North flow test delivered 1.7 MMscf/d, an outstanding result proving the development concept.
Mahalo North PL & environmental applications submitted, expected approval around end-Mar. Q’24.
Binding offtake agreed with CleanCo, a QLD Govt power generator, for 21 PJ over 7 years.
COI remains ~90% uncontracted and leveraged to higher prices.
MoU agreed with Orica for potential prepayment funding. Upfront funding of +A$20m could facilitate COI ownership of the Mahalo North compression.
Jemena FEED underway for ~60km pipeline connecting Mahalo fields to the QGP running east to Gladstone.
Ann: Inaugural Gas Sales Agreement for Mahalo Gas Hub, page-22
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